Paying the Price: Are Parent Plus Loans a Smart Choice? Artwork

Invest in Knowledge

Invest in Knowledge is a monthly podcast about all things financial with CERTIFIED FINANCIAL PLANNER™ John Gigliello of the Albany Financial Group, based in Albany, NY. Through the course of his business, as well as this podcast, John takes an educational approach to financial planning, aiming to leave listeners with the insight they need to successfully shape their financial futures. After all, as Benjamin Franklin said, "An investment in knowledge always pays the best interest." Securities are offered through LPL Financial, member SIPC (www.SIPC.org). Investment advice is offered through Private Advisor Group, a registered investment advisor. Private Advisor Group ad Albany Financial Group are separate entities from LPL Financial. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. This is a hypothetical example and is not representative of any specific situation. Your results will vary.The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing.

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Invest in Knowledge

Paying the Price: Are Parent Plus Loans a Smart Choice?

November 15, 2024 • John Gigliello, CFP® • Season 2 • Episode 11

For the 2023-2024 academic year, the average cost of college, per year, came to $11,260 for public colleges, if the student lives in-state, and $41,543 for a private university, according to college data.com. When you factor in room and board, those figures almost double at some institutions.

These staggering figures leave many families to fret and wonder if they can possibly pay for higher education.

Hi, I’m John Gigliello and you are listening to Invest in Knowledge, a podcast about all things financial. After a life-altering health issue at age 39, my calling in life became clear: To share my knowledge of personal finance with PEOPLE who are looking to make smart and responsible choices with their money. Only through education, action and accountability can YOU build the confidence and security YOU need to live a SATISFYING life.

Today, we are going to talk college planning, specifically about Parent PLUS Loans – which are just one option when it comes to paying the price tag of a college education. We’ll explore the pros and cons with our guest speaker and resident expert on all things college planning – Mike Whitney.

Mike is a CERTIFIED FINANCIAL PLANNER™ who works as a financial paraplanner at Albany Financial Group. He helps families with college planning issues, as part of their overall financial plan, and has published white papers on the subject.